PayPal hires HP’s Enrique Lores as its new CEO

image via TechCrunch

February 3, 2026, 2:15 PM

• •Enrique Lores, currently chair of PayPal’s board, is appointed as CEO and President, replacing Alex Chriss.
• •PayPal's financial performance in Q4 fell short of expectations, leading to a share price decline.
• •Jamie Miller will serve as interim CEO until Lores joins the company.
• •Lores, former HP CEO, will focus on accelerating innovation in digital payments.

PayPal announced Enrique Lores, currently the chair of its board, will replace Alex Chriss as CEO and President, citing the company's performance not meeting expectations. Lores, previously the CEO of HP, will also take on the role of president, with Jamie Miller serving as interim CEO. The appointment follows PayPal's report of disappointing fourth-quarter revenue and profit, alongside a forecast of declining full-year profit, leading to a significant drop in its shares. Lores aims to accelerate innovation and shape the future of digital payments.

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